LKV Realty
Logo
$650,000
$3,400Reward *
7732 S Phillips Avenue, Chicago, IL 60649Listing ID 12660519

7732 S Phillips Avenue, Chicago, IL 60649

Active
CHI - South Shore
Last updated: 1 day ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
11
Bathrooms
Bathrooms
7
Heating
Heating
Forced Air, Steam
Year Built
Year Built
1923
Garages
Garages
2
Parking
Parking
Garage Door Opener, Yes, Garage Owned, Detached, Garage

Welcome to 7732 S. Phillips - an exceptionally large jumbo brick building offering over 7,500 square feet of living space plus an additional oversized storage room adjacent to the basement level. This is one of the largest multi-unit buildings in the neighborhood and presents a rare opportunity for both investors and owner-occupants seeking strong rental income and modern updates throughout. The property features three spacious residential units plus a beautifully finished garden-level living space that can serve perfectly as owner's quarters, extended living space, or additional income potential. The building has undergone extensive renovations with updated plumbing, electrical, and HVAC systems, along with modern kitchens and beautifully updated bathrooms featuring sleek contemporary finishes. Additional improvements include newer windows, roof, beautifully refinished hardwood floors, updated fixtures, and in-unit laundry hookups for added tenant convenience. The expansive unit layouts provide oversized living areas and generous bedroom sizes rarely found in today's market. With projected rental income of approximately $2,300 per month for each of the three above-grade units and an estimated $1,800 per month for the finished garden unit, the property offers potential gross rental income of approximately $8,700 per month, creating exceptional cash-flow potential in a rapidly appreciating area. Whether you are looking to house hack, expand your investment portfolio, or own one of the premier buildings in the neighborhood, 7732 S. Phillips delivers scale, functionality, and long-term upside. Massive square footage. Updated systems. Modern finishes. Strong income potential. A truly unique opportunity.

Property Information

Property Details

Location

Address
7732 S Phillips Avenue
County
Cook
City
Chicago
Zip Code
60649
Subdivision
CHI - South Shore
School District
299
MLS Area
CHI - South Shore

Interior Features

Beds and Baths

Bedrooms
11

Building

Building Information

Year Built
1923
Construction
Brick

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$3,109
Tax Year
2023
Berg Properties, (888) 276-9959

Market Report for 60649

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 12 Aug 2026, 06:53 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD162880